$ETH Could bounce up from here

11 thg 11, 2018

ETH has put in a great set-up.

We are currently sitting around $207

Price has pulled into an area of structural support, through a harmonic AB=CD move.
At this area of structure, we get the 127.2 Fibonacci confluence.
For me, a key indicator to go long here, is a the addition of a double bottom coupled with bullish divergence on RSI (7).
This suggests that sellers are losing steam and we may see a move up from here targeting the 450s

Have a good week